Median Area Prices And Affordability

Dated: 02/23/2016

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Moderating pace of sales had little impact on the trajectory of home prices during the final three months of 2015.

Read the entire press release.

The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Monday, May 9, 2016, at 10:00 a.m. Eastern Time.

NAR’s quarterly Metropolitan Median Area Prices and Affordability report provides a breakdown of condo and co-op prices by metro market.

Metro Area Construction and Employment

NAR measured the amount of new home construction relative to the number of newly employed workers in 146 metropolitan statistical areas1 (MSAs) throughout the U.S. to determine whether homebuilding has kept up with the steadily improving pace of job growth in the past three years2. The findings reveal that homebuilding activity for all housing types is underperforming in roughly two-thirds of measured metro areas.

Metro Area Construction and Employment table for printing (PDF: 102 KB)
Metro Area Construction and Employment table for database work (MS Excel: 43 KB)

1Areas are generally metropolitan statistical areas as defined by the U.S. Office of Management and Budget. NAR adheres to the OMB definitions, although in some areas an exact match is not possible from the available data. A list of counties included in MSA definitions is available at:http://www.census.gov/population/estimates/metro-city/List4.txt(link is external).

2NAR’s study analyzed homebuilding permits and employment data during the years of 2012 through 2014.

Phoenix-Mesa-Scottsdale, AZ description Fourth Quarter 2015

Median Home Price

$221,000

Yr. Change: 10.3%

All Metropolitan Median Prices (http://www.realtor.org/research/research/metroprice)

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Tyler and Kent Monsen Managing Partners

Tyler had goals of becoming a Professional Golfer at the tender age of 4 when he was first introduced to the game by his father. He went on to be a High School All-American and played 2 years in colle....

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